Regions Financial Corporation $RF Stock Purchased by Eurizon Capital SGR S.p.A.

Eurizon Capital SGR S.p.A. raised its holdings in Regions Financial Corporation (NYSE:RF) by 1.5% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,275,297 shares of the bank’s stock after acquiring an additional 18,525 shares during the period. Eurizon Capital SGR S.p.A. owned approximately 0.15% of Regions Financial worth $34,281,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of the business. WPG Advisers LLC increased its position in shares of Regions Financial by 83.5% in the second quarter. WPG Advisers LLC now owns 813 shares of the bank’s stock worth $25,000 after purchasing an additional 370 shares during the last quarter. Keating Financial Advisory Services Inc. bought a new stake in Regions Financial during the second quarter valued at approximately $25,000. Trust Co. of Vermont purchased a new position in Regions Financial in the 2nd quarter worth approximately $26,000. Gables Capital Management Inc. purchased a new position in Regions Financial in the 2nd quarter worth approximately $30,000. Finally, Pin Oak Investment Advisors Inc. purchased a new position in Regions Financial in the 2nd quarter worth approximately $36,000. Institutional investors own 79.39% of the company’s stock.

Regions Financial Stock Up 1.2%

Shares of NYSE RF opened at $28.85 on Friday. Regions Financial Corporation has a one year low of $23.59 and a one year high of $32.47. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.82 and a quick ratio of 0.81. The firm’s 50 day simple moving average is $28.21 and its two-hundred day simple moving average is $28.71. The stock has a market capitalization of $24.49 billion, a P/E ratio of 11.32, a PEG ratio of 1.15 and a beta of 1.01.

Regions Financial (NYSE:RF) last posted its quarterly earnings results on Friday, October 16th. The bank reported $0.73 EPS for the quarter, topping the consensus estimate of $0.67 by $0.06. The firm had revenue of $1.99 billion for the quarter, compared to the consensus estimate of $1.99 billion. Regions Financial had a net margin of 23.97% and a return on equity of 13.43%. The business’s revenue was up 3.0% compared to the same quarter last year. During the same period last year, the firm posted $0.63 earnings per share. As a group, analysts expect that Regions Financial Corporation will post 2.70 EPS for the current fiscal year.

Regions Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, January 4th. Investors of record on Tuesday, December 1st will be issued a dividend of $0.30 per share. The ex-dividend date of this dividend is Tuesday, December 1st. This represents a $1.20 annualized dividend and a dividend yield of 4.2%. Regions Financial’s dividend payout ratio (DPR) is currently 47.06%.

Analyst Ratings Changes

A number of equities analysts have recently commented on RF shares. Brean Capital raised shares of Regions Financial from a “neutral” rating to a “buy” rating and set a $33.00 price target on the stock in a report on Monday, October 19th. Keefe, Bruyette & Woods upped their target price on shares of Regions Financial from $32.00 to $33.00 and gave the stock a “market perform” rating in a research report on Monday, July 20th. Robert W. Baird upgraded shares of Regions Financial from an “underperform” rating to a “neutral” rating and set a $28.00 target price for the company in a research report on Friday, September 18th. DA Davidson reduced their target price on Regions Financial from $32.00 to $31.00 and set a “neutral” rating on the stock in a research note on Monday, October 19th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Regions Financial in a research report on Thursday, October 15th. Seven investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $31.00.

Regions Financial Company Profile

Regions Financial Corporation (NYSE: RF) is a bank holding company headquartered in Birmingham, Alabama. Its principal subsidiary, Regions Bank, provides banking and related financial services to individuals, businesses and institutions. The company’s services include consumer and commercial banking, lending, mortgage banking, treasury and payment services, and wealth management. Regions also offers services such as investment and trust management through its wealth business. Regions traces its history to First Alabama Bancshares, established in 1971, and serves customers across the South and parts of the Midwest and Texas.